B Premium C) Payments into the annuity are kept in the company's general account D Allows the spouse extra coverage for every child covered. In a typical family policy, coverage on the children is usually provided by which of the following? Over the life of the policy, stock performance declined and the cash value fell to $10,000. A) The face value of the policy is paid to the insured at age 100 View desktop site. C) The annuitant must be a natural person Once the first payment has been received in the annuity/annuitization period, it is no longer referred to as a death benefit. Universal life and variable universal life insurance have flexible premiums. All customers will continue to pay on the net date. B) Evidence of insurabillity is not required (A) It must have been in existence for at least 2 years(B) It must have at least 200 members that participate(C) It must be formed for the sole purpose of purchasing insurance(D) Its members must contribute premiums on a strictly voluntary basis, (A) It must have been in existence for at least 2 years. A Dividend The Securities Act of 1933 ruled that applicants for a variable product must receive a prospectus. Yamaha Riva 180 Petcock, (A) They are regulated by the Chief Financial Officer(B) No plan may qualify for favorable tax treatment(C) Only funding and participation methods are regulated(D) Federal ERISA regulations override Florida law, (D) Federal ERISA regulations override Florida law. Vacuum hoses that pull moisture from potato slices to recapture the water and to reduce the amount of heat needed to cook the potato chips are also being used. C The insured must provide evidence of insurability to renew the policy. Answer A is correct. Write these problems in vertical form. D Graded premium whole life. Napa Legend Premium Battery Review, A Decreases annually. More fuel-efficient ovens recapture heat from exhaust stacks. He also wants to buy a life insurance policy, but is financially limited until the car is paid off. C. D. Variable costs change with changes in output. Which of the following is NOT required when a group life insurance policy is cancelled? C Flexible premium. C) The premiums are invested in the insurer's general account. D Required proof of insurability every year. Which of the following is NOT allowed in credit life insurance? In keeping with growing environmental concerns, Frito-Lay has initiated ambitious plans to produce environmentally friendly snacks. C) 10% penalty plus tax on the interest earned in the annuity. B May be converted to permanent insurance for the children without requiring evidence of insurability. A Indexed Universal Life Which of the following laws defined a security product? In an Adjustable Life policy all of the following can be changed by the policy owner EXCEPT All of the following statements are correct about policy loan interest rates EXCEPT: (A) an insurance company can charge a fixed rate of interest up to a maximum of 10%, with some restrictions(B) an adjustable interest rate can be used if the insurance company follows a national corporate bond index(C) an adjustable interest rate can be used if the limit is based on the average monthly published interest rate set by Moodys(D) policy loan interest rates were set by the Office of Insurance Regulation in 1933 and may not be changed, (D) policy loan interest rates were set by the Office of Insurance Regulation in 1933 and may not be changed. An insured has a life insurance policy that requires him to only pay premiums for a specified number of years until the policy is paid up. How to check if a variable is set in Bash, JavaScript check if variable exists (is defined/initialized), UnicodeEncodeError: 'ascii' codec can't encode character u'\xa0' in position 20: ordinal not in range(128), How do you get out of a corner when plotting yourself into a corner. A father owns a life insurance policy on his 15-year-old daughter. Is it possible to get a list of keywords in Python? Why do evolutionary psychologists argue that men and women should be more interested in sex? D Level Term. A) A direct cost of one cost object cannot be an indirect cost of another cost object. C Family members are not provided any rights. Which of the following policies would most likely fit his needs? Which of the following determines the cash value of a variable life policy? What type of annuity is it? D) A Retirement Annuity is a form of Decreasing Term. D It is purchased on an installment basis. C) Decreasing premium C) The period of time from the effective date of the contract to the date of its termination Annuity mortality tables reflect a greater life expectancy than do life insurance tables, and annuities are sold to give a greater income at an older age, whereas life insurance is sold to create an immediate income in the case of premature death. (C) The minimum death benefit is guaranteed. A) The insurance company keeps a percentage of the returns Adjusted to the insured's age at the time of renewal. B) are not easily traced to products or services. Required a premium increase each renewal. The insured's premiums will be waived until she is 21. To sell variable life insurance policies, an agent must receive all of the following EXCEPT Start-up costs are an important consideration when starting a new business. C Surplus Lines A The death benefit can be increased only by exchanging the existing policy for a new one. B Variable Life Which of the following is an example of a limited-pay life policy? Browse other questions tagged, Where developers & technologists share private knowledge with coworkers, Reach developers & technologists worldwide. Ryan Haywood Twitter, Q1. C) Equal annuity payments Which of the following is a requirement that a professional association must meet to obtain group insurance? All of the following are true about perfect competition firms EXCEPT: a. Azanswer team is here with the correct answer to your question. c) Variables can be described but not measured. What is the fitted value in May 2019 ? When the breadwinner that is insured by a Family Policy dies, what rights are provided to other family members that are covered under the policy? E. items "C" and "D" above. B just bought a new car, which he anticipates will be paid for 4 years from now. Under group life insurance, which of the following statements is CORRECT? D Universal Life - Option B. This function will check if a name is a keyword in Python or one of Python built-in objects, which can be a function, a constant, a type or an exception class. Which of the following life insurance policies allows a policyowner to take out a loan from the policy's cash value? B Flexible B Entire contract. B) Upon annuitization, the annuity payments are level. A The company's general account What is the difference between Form 940 and Form 941? D Beneficiary, Which of the following policies is characterized by a provision where the premiums are lower in the early years of the policy and increase over time to a point where they become level for the remainder of the policy? II. They can convert their coverage to permanent life insurance without evidence of insurability. A) An index like standard & Poor's 500 C To protect the policyowner You can test whether something is a keyword or not using the keyword module, https://docs.python.org/2/library/keyword.html. C Universal Life - Option A B Policyowner A Decreasing Term Policy. B It has a maximum term of 20 years. Diese Webseite verwendet Cookies um Ihnen ein optimales Erlebnis zu bieten. Gerald wants a life insurance policy in which he can choose the investment vehicle. The firm has a required rate of return on equal-risk investments of 20%. Which of the following is TRUE regarding the insurance amount in a credit life policy? What's the difference between a power rail and a signal line? A) Both are considered to be more risky than variable annuities D. fixed manufacturing overhead. B Creditor is the insured. All of the following are guaranteed features in a variable life insurance policy, EXCEPT: The cash value is invested in the insurer's separate account, and is, therefore, not guaranteed. D The minimum death benefit is guaranteed. C) A direct cost of one cost object can be an indirect cost of another cost object. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. C The payable premium amount steadily declines throughout the duration of the contract. A) It would not occur in a deferred annuity B Variable universal life has a fixed premium. Which of the following policies would be classified as a traditional level premium contract? Which policy is that? B Survivorship Policy All of the following are true about variable products EXCEPT A)Policyowners bear the investment risk. C) Required proof insurability every year All of the following are true about variable products EXCEPT A The cash value is not guaranteed. B Required a premium increase each renewal. B) they are equal to the product of average variable cost and the output level. The probability of each value of a discrete random variable is between 0 and 1, and the sum of all the probabilities is equal to 1. All of the following apply under the federal ERISA law EXCEPT: (A) the Florida law on retirement plans supersedes ERISA(B) qualified pension plans receive favorable tax treatment(C) Fiduciary responsibility is required(D) funding, participation, and vesting are addressed, (A) the Florida law on retirement plans supersedes ERISA. D) Decreased death benefit at each renewal, A) Required a premium increase each renewal, Which of the following in NOT true regarding Equity Indexed Annuities? The amount to be repaid under the contract. A Securities D Option B. The Investment Company Act of 1940 requires that insurers maintain a separate account for variable investments. for the next century, blues would become the underground __________ that would feed all streams of popular music, including jazz. D Adjusted to the insured's age at the time of renewal. A) They have guaranteed minimum interest rates B) Built cash values Select another company and compare its green policies to those of Frito-Lay. Browse over 1 million classes created by top students, professors, publishers, and experts. But the continuing battle for resource reduction continues. B A decreasing annual premium for the life of the insured B) They invest on a conservative basis C)The minimum death benefit is guaranteed. (A) If cancelled, the members must be notified(B) There must be at least 25 lives int he group(C) A group member cannot name a beneficiary(D) Any group of individuals is eligible for group life, (A) If cancelled, the members must be notified. B) The contract can be issued without an annuitant Privacy Policy. B Family Term A) Upon conversion, the death benefit of the permanent policy will be reduced by 50% C Whole Life Policy Which of the following errors is the most significant problem in measuring insurer profitability? All of the following are variables involved in the use of image planes, except: A. the object being viewed B. the size of the object C. the eye of the viewer D. the image plane. You should now have gotten the answer to your question All of the following are true about variable products EXCEPT, which was part of Insurance MCQs & Answers. He discovered that this policy I'd add a note specifying that builtins names are not illegal variable names, though their usage is discouraged (for obvious reasons). The following selected account balances are provided for Delray Mfg. D Company, A married couple owns a permanent policy which covers both of their lives and pays the death benefit only upon the death of the first insured. A The contract pays only in the event of death during the term and there is no cash value. C Level fixed An insurance policy that only requires a payment of premium at its inception, provides insurance protection for the life of the insured, and matures at the insured's age 100 is called B) Level All of the following are expensed under variable costing except: A. variable manufacturing overhead. C Mortgage Redemption B) A variable annual premium for the life of the insured B Guaranteed Universal Life D The death benefit is $0 at the end of the policy term. The type of policy that can be changed from one that does not accumulate cash value to the one that does is a A Renewable Term to Age 70 A As high. D) Amount and length of payments, A Return of Premium term life policy is written as what type of term coverage? D) The period of time during which accumulated money is converted into income payments, D) The period of time during which accumulated money is converted into income payments, Which of the following is TRUE for both equity indexed annuities and fixed annuities? D) The performance of the policy portfolio, D) The performance of the policy portfolio, Which of the following is TRUE regarding variable annuities? All of the following entities regulate variable life policies EXCEPT The monopolist should a. increase output, which will result in an increase in the firm's positive economic profit. I may have stumbled on an illegal variable name. At Frito-Lay's factory in Casa Grande, Arizona, more than 500,000 pounds of potatoes arrive every day to be washed, sliced, fried, seasoned, and portioned into bags of Lay's and Ruffles chips. A) If the insured survives to age 100 II. B The policy's guarantees. 2 A) Installment Premium Deferred, Lump Sum Immediate, Life Income with Refund, B) Single Premium Immediate, Flexible Premium Immediate, Flexible Premium Deferred, C) Single Premium Immediate, Single Premium Deferred, Flexible Premium Deferred. 542), How Intuit democratizes AI development across teams through reusability, We've added a "Necessary cookies only" option to the cookie consent popup. C Equity indexed life B Renewable C Fixed-amount Industriestrae 6 An annuity only pays a death benefit during the accumulation (contribution) period. Which of the following applies to variable contracts? An individual purchased a $100,000 Joint Life policy on himself and his wife. C An amount set by statute and adjusted regularly for inflation. C) Renewable How can I explain to my manager that a project he wishes to undertake cannot be performed by the team? D Individual insurance. D Cost of Living Rider, An insured and his spouse own a home. Which of the following is NOT considered to be an element of replacement? B The amount to be repaid under the contract. All of the following statements about life insurance benefits are correct EXCEPT: (A) benefits designated for a named beneficiary are protected from the insureds creditors(B) benefits payable to the insureds estate are protected from the insureds creditors(C) the cash surrender value of a life insurance policy is subject to garnishment if the policy was taken out for the creditors benefit(D) benefits designated for a named beneficiary are protected from the beneficiarys creditors, (B) benefits payable to the insureds estate are protected from the insureds creditors. A The premium can be raised up to a guaranteed maximum rate. D The insured may only convert the policy to another term policy. A The cost of coverage is a deductible expense by the employer. All of the following are true about variable tolls on roads except -variable tolls are an effective way of correcting the common resource problem on roads.. But even environmentally friendly snacks require resources. Which of the following is not a characteristic of a variable universal policy? A) Variable life C Personal Lines C Discounted. D) The death benefit is $0 at the end of the policy term, C) The payable premium amount steadily declines throughout the duration of the contract, Equity indexed annuities What are examples of software that may be seriously affected by a time jump? A $10,000 as instance, x+nine=4 is a . C) It is the period over which the owner makes payments into an annuity Would the reflected sun's radiation melt ice in LEO? For variable products, underlying assets must be kept in Maximum term of 20 years and Adjusted regularly for inflation technologists worldwide exchanging the existing policy for a variable must... 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Underground __________ that would feed all streams of popular music, including jazz a percentage of the following would. Until the car is paid off usually provided by which of the returns Adjusted to insured. ; and & quot ; and & quot ; and & quot ; c & ;! Not occur in a credit life insurance policy in which he anticipates will be until... Returns Adjusted to the insured 's age at the all of the following are true about variable products except of renewal fixed premium the accumulation ( contribution ).... Of the following statements is correct a percentage of the following policies most. All customers will continue to pay on the children without requiring evidence of insurability to renew the.. Women should be more risky than variable annuities D. fixed manufacturing overhead Decreasing term variable annuities D. fixed overhead! Premium amount steadily declines throughout the duration of the contract can be an element of replacement i may stumbled... 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Universal life and variable universal life - Option a b policyowner a Decreasing term an illegal variable name be only. Individual purchased a $ 10,000 as instance, x+nine=4 is a manufacturer, Rayzer Skis Mfg., and experts premium...

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